Common use of Effective Release Clause in Contracts

Effective Release. No payments (other than the Accrued Obligations) will be made to Executive (or his estate, as applicable) and no acceleration of RSU’s on behalf of Executive under this Section 5 will occur, unless the Executive (or his estate, as applicable) executes and does not revoke a mutually agreeable Release.

Appears in 3 contracts

Samples: Employment Agreement (Andina Gold Corp.), Employment Agreement (Redwood Green Corp.), Employment Agreement (Redwood Green Corp.)

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Effective Release. No payments (other than the Accrued Obligations) will be made to Executive Employee (or his estate, as applicable) and no acceleration of RSU’s RSUs on behalf of Executive Employee under this Section 5 will occur, unless the Executive Employee (or his estate, as applicable) executes and does not revoke a mutually agreeable Release.

Appears in 1 contract

Samples: Employment Agreement (Andina Gold Corp.)

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